> If it didn't, there's no particular reason multi-billion dollar This is true in theory but in practice it seems much more commonly false. Even in vastly more

> If it didn't, there's no particular reason multi-billion dollar This is true in theory but in practice it seems much more commonly false. Even in vastly more mature and liquid markets, straightforward arbitrages can persist for years and in some cases decades, even after an inefficiency becomes public knowledge